PENDLEBTC 1D Chart Analysis | Accumulation Breakout Confirmed
🔍 Technical Breakdown
PENDLE/BTC has officially broken out above a key accumulation box, confirming strength as the daily candle closed above the 0.00004181 resistance zone. This marks a significant structural shift after months of sideways consolidation.
📈 Key Observations
Accumulation Phase: The prolonged sideways structure acted as a re-accumulation range. The recent breakout suggests strong hands absorbing supply before expansion.
Breakout Momentum: Prior rallies from this region resulted in +36% and +37% moves. Similar behavior is expected if this breakout sustains.
Target Zones:
🎯 First Target: 0.00004840 (mid-range resistance)
🎯 Extended Target: 0.00005730 (macro resistance)
📊 Volume Spike confirms genuine breakout demand. If BTC remains stable, PENDLE may repeat its historical rally patterns toward the upper resistance zones.
🚀 Conclusion
With a clean close above the range high and confirmed volume, PENDLE/BTC appears poised for further upside. Momentum traders may eye pullbacks into 0.00004180 as potential entries.
🔍 Technical Breakdown
PENDLE/BTC has officially broken out above a key accumulation box, confirming strength as the daily candle closed above the 0.00004181 resistance zone. This marks a significant structural shift after months of sideways consolidation.
📈 Key Observations
Accumulation Phase: The prolonged sideways structure acted as a re-accumulation range. The recent breakout suggests strong hands absorbing supply before expansion.
Breakout Momentum: Prior rallies from this region resulted in +36% and +37% moves. Similar behavior is expected if this breakout sustains.
Target Zones:
🎯 First Target: 0.00004840 (mid-range resistance)
🎯 Extended Target: 0.00005730 (macro resistance)
📊 Volume Spike confirms genuine breakout demand. If BTC remains stable, PENDLE may repeat its historical rally patterns toward the upper resistance zones.
🚀 Conclusion
With a clean close above the range high and confirmed volume, PENDLE/BTC appears poised for further upside. Momentum traders may eye pullbacks into 0.00004180 as potential entries.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.